Cost Analyst - Senior

Cost Analyst - Senior

Description

COST ACCOUNTANT - SENIOR

Qualifications

To be successful in this role you will need the following:

Skills

• US Generally Accepted Accounting Principles - Evaluates US accounting standards to record transactions in compliance with requirements and company policies; assesses the accounting requirements and objectives to determine the implications on the business and communicate to stakeholders with varying financial knowledge.
• Financial Reporting - Analyzes financial data by evaluating results and solutions to support business decisions; prepares and presents financial information by summarizing data to communicate results in compliance with regulations and stakeholder expectations; partners with stakeholders to drive financial performance that aligns to organizational goals and strategies.
• Financial Internal Controls - Leverages internal control framework by assessing internal controls and developing remediation plans to mitigate financial reporting risks and respond to changing business needs.
• Business Partnering - Collaborates with stakeholders and develops partnerships to drive performance that aligns to organizational goals and strategies; influences the organization by demonstrating knowledge of the business to provide guidance to support the decision-making process and guiding the business towards positive results and organizational alignment; evaluates business environment using measures to mitigate risk and capitalize on opportunities.
• Financial Planning and Forecasting - Utilizes financial forecast data to provide forward looking projections to facilitate decision making; partners with stakeholders to analyze trends and validate assumptions to provide a forecast that aligns to the organization's goals and strategies.
• Financial Analysis - Interprets financial data by analyzing trends, variances, opportunities and risks to provide insight to stakeholders regarding financial impact to drive business improvement; evaluates financial results against targets to communicate conclusions to all stakeholders; ensures integrity of financial data by investigating variances and determining corrective actions to resolve identified issues.
• Product Cost Management - Analyzes product costs and variances to ensure inventory is costed in compliance with accounting requirements; applies understanding of differences in fixed and variable costs to record inventory costs in compliance with company policies; evaluates product cost options by partnering with business to optimize current and future product costs; assesses inventory cost variances by reviewing estimates to improve integrity of results.
• Product Costing - Establishes total material costs to ensure compliance with policies and completeness of the bill of materials; develops labor and overhead rates to ensure inventory costed in compliance with company policies; analyzes actual cost to understand variances to estimates to improve integrity of results.
• Action oriented - Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.
• Collaborates - Building partnerships and working collaboratively with others to meet shared objectives.
• Communicates effectively - Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.
• Self-development - Actively seeking new ways to grow and be challenged using both formal and informal development channels.

Education, Licenses, Certifications

• College, university, or equivalent degree in Accounting, Finance or related field required.
• Progress toward Certified Public Accountant, Certified Management Accountant, Chartered Accountant or similar certification preferred.

Experience

• Intermediate level of relevant professional work experience in the field of study required.
• Responsible for conducting cost analysis to support management in making operating decisions.
• Runs monthly cost updates and/or prepares standard cost data including annual cost role up.
• Runs Annual core processes for the reman turbos.
• Analyzes cost variances (IPV (Invoice Price Variance/PPV (Purchase Price Variance) and monthly movements), investigates and determines root causes, and prepares recommendations and alternatives for improvements.
• Interact with different areas of the plant.
• Assists in the inventory valuation process.
• Prepares presentation/material with cost variances, and absorption details.
• Support and develops business cases for new/existing products and cost reduction projects.
• Help to coordinate projects to improve yield metrics.

Desired skills:

• Teamwork
• Business Partner
• Effective communication.

Compensation and Benefits

Base salary rate commensurate with experience, range: $73,600.00-$110,400.00. Please note that the salary range provided is a good faith estimate on the applicable range. The final salary offer will be determined after considering relevant factors, including a candidate's qualifications and experience, where appropriate. Additional benefits vary between locations and include options such as our 401(k) Retirement Savings Plan, Cash Balance Pension Plan, Medical/Dental/Life Insurance, Health Savings Account, Domestic Partners Coverage, and a full complement of personal and professional benefits.

Cummins and E-Verify

At Cummins, we are an equal opportunity and affirmative action employer dedicated to diversity in the workplace. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, gender, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity and/or expression, or other status protected by law. Cummins validates right to work using E-Verify. Cummins will provide the Social Security Administration (SSA) and, if necessary, the Department of Homeland Security (DHS), with information from each new employee's Form I-9 to confirm work authorization.

Job FINANCE

Primary Location United States-South Carolina-North Charleston-US, SC, North Charleston, Components

Job Type Experienced - Exempt / Office

Recruitment Job Type Exempt - Experienced

Job Posting Sep 4, 2023, 12:41:53 PM

Unposting Date Ongoing

Organization Corporate

Role Category Hybrid - Potential for Partial Remote

Relocation Package Eligible

Req ID: 230008RD